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Speaker 1: News when you wanted with Bloomberg News. Now I'm Doug Prisner.

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Speaker 1: The partial US government shutdown is over after President Trump

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Speaker 1: signed a funding deal he negotiated with Senate Democrats.

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Speaker 2: This bill is a great victory for the American people.

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Speaker 2: Instead of a bloated and wasteful omnibus monstrosity full of

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Speaker 2: special interests handass, we've succeeded in passing a fiscally responsible

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Speaker 2: package that actually cuts wasteful federal spending while supporting critical

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Speaker 2: programs for the safety, security, and prosperity of the American people.

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Speaker 1: So the government is now funded through September thirtieth. Even so,

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Speaker 1: the Department of Homeland Security has funding only through February thirteenth,

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Speaker 1: as the President continues to negotiate with Democrats on new

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Speaker 1: restraints for immigration enforcement agents. Here is Bloomberg's Megan Scully.

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Speaker 3: Democrats have put forth several demands, including ICE agents and

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Speaker 3: border patrol agents that are in America cities in Minneapolis

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Speaker 3: and elsewhere taking their masks off, and that has been

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Speaker 3: a non starter with House Speaker Mike Johnson. We have

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Speaker 3: seen the Department of Homeland Security actually came out yesterday

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Speaker 3: and said that ICE agents will be wearing body cameras,

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Speaker 3: which has been another point of contention.

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Speaker 1: That is Bloomberg's Megan Scully. The US Navy shot down

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Speaker 1: and Iranian drone headed toward a US aircraft carrier in

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Speaker 1: the Arabian Sea. US Central Command said the unmanned aircraft

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Speaker 1: aggressively approached the USS Abraham Lincoln with unclear intent. Even so,

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Speaker 1: White House Press Secretary Caroline love It says talks with

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Speaker 1: Iran are still scheduled for later this week.

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Speaker 4: These talks, as of right now, are still scheduled. President

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Speaker 4: Trump is always wanting to pursue diplomacy first, but obviously

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Speaker 4: it takes two to tango. You need a willing partner

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Speaker 4: to achieve diplomacy, and that's something that Special Envoy Witcoff

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Speaker 4: is intent on exploring and discussing. As always, though, of course,

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Speaker 4: the President has a range of options on the table

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Speaker 4: with respect to Iran as commander in chief.

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Speaker 1: Now, today's incident did spook the oil market. WTI crude

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Speaker 1: oil finished up one point seven percent to sixty three

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Speaker 1: twenty one. FED Governor Stephen Myron has stepped down from

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Speaker 1: his post leading the Council of Economic Advisors. Now, Myron

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Speaker 1: had taken unpaid leave from his post after he was

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Speaker 1: selected to be Fed governor. Now the White House is

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Speaker 1: suggesting he could return to the role at CEA when

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Speaker 1: his term as Fed governor is over. Myron has said

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Speaker 1: he would remain at the FED until a successor is confirmed.

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Speaker 1: Shares and software companies tumbled today on fears over how

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Speaker 1: AI will impact their core businesses. The new release of

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Speaker 1: an AI tool from Anthropic added to those worries. The

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Speaker 1: first wave of today's selling was in stocks associated with

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Speaker 1: legal software and publishing, and then media and financial data

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Speaker 1: shares were also hit. The I shares expand tech software

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Speaker 1: sector ETF was down today by four point six percent

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Speaker 1: after the bell. Advanced micro Devices reported fourth quarter earnings

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Speaker 1: above Wall Street estimates. However, the company gave a disappointing

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Speaker 1: forecast for the current period. AMD is the main challenger

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Speaker 1: to in Vidia in the market for those AI processors.

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Speaker 1: Here's Ray Wong, CEO of Constellation Research.

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Speaker 5: Well, right now, there is an a credible alternative to

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Speaker 5: Nvidia at the moment. But when they get out their

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Speaker 5: Helius chips and when they build the racks that are

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Speaker 5: going to come in place, that's going to be the

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Speaker 5: first time, in Vidia is going to have a credible

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Speaker 5: challenge to the GPU dominance that they've had for quite

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Speaker 5: some time. That's what the market's waiting for. But they

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Speaker 5: haven't taken orders yet, they haven't announced as much as

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Speaker 5: they need to, and right now these are just pure

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Speaker 5: performance earnings pre GPU pre AI that they've been able

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Speaker 5: to do, and it's a pretty good number there. But

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Speaker 5: once again, the street isn't interested. So this is kind

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Speaker 5: of where we are at the moment.

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Speaker 1: That is, Ray Wong from Constellation Research shares in AMD.

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Speaker 1: We're down by more than six percent in late US trading.

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Speaker 1: Tomorrow after the closing, bell will hear from Alphabet. Bloomberg's

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Speaker 1: Tom Busby has a preview.

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Speaker 6: Google's parent company, Alphabet, expected to post solid revenue and

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Speaker 6: profit growth for last quarter, with its cloud computing division

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Speaker 6: expected to get a big boost from the release of

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Speaker 6: its latest GEMINIAI models, which it also integrated into its

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Speaker 6: Google Search and its Chrome browser like rivals Meta and Microsoft.

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Speaker 6: The big focus for investors, though, is all the spending

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Speaker 6: it's done on AI infrastructure and efforts to power its

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Speaker 6: data centers. Bloomberg consensus calls for revenue of one hundred

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Speaker 6: eleven point four billion dollars on Ernix per share of

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Speaker 6: two dollars sixty five cents Tom Busby Bloomberg Radio.

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Speaker 1: Executives from both Netflix and Warner Brothers Discovery defended their

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Speaker 1: proposed merger today before a Senate panel. They were questioned

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Speaker 1: on whether their deal will hurt competition in the market

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Speaker 1: for streaming services. Republican Senator Mike Lee of Utah is

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Speaker 1: chair of the Senate subcommittee that oversees competition and antitrust policy.

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Speaker 7: One might say that Netflix seeks to become the one

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Speaker 7: platform rule them all, or at least exercise a significant

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Speaker 7: amount of market dominance. The merger raises numerous anti trust

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Speaker 7: concerns in a nutshell consolidating both production and distribution power.

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Speaker 1: Now, the Department of Justice and Europe's anti trust watchdog

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Speaker 1: are both reviewing the Netflix Warner Brothers deal for antitrust issues.

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Speaker 1: Paramount's Guidance is also trying to buy Warner Brothers Discovery. However,

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Speaker 1: it's CEO David Ellison turned down an invitation to testify

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Speaker 1: at today's hearing. And that is news when you want

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Speaker 1: it With Bloomberg News. Now, I'm Doug Chrisner, and this

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Speaker 1: is Bloomberg